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Sterling Guaranty & Finance Ltd.

BSE: 508963 Sector: Financials
NSE: N.A. ISIN Code: INE668Y01016
BSE 00:00 | 24 Sep 5.13 0
(0.00%)
OPEN

5.13

HIGH

5.13

LOW

5.13

NSE 05:30 | 01 Jan Sterling Guaranty & Finance Ltd
OPEN 5.13
PREVIOUS CLOSE 5.13
VOLUME 3
52-Week high 8.15
52-Week low 4.35
P/E
Mkt Cap.(Rs cr) 3
Buy Price 5.13
Buy Qty 101.00
Sell Price 5.13
Sell Qty 197.00
OPEN 5.13
CLOSE 5.13
VOLUME 3
52-Week high 8.15
52-Week low 4.35
P/E
Mkt Cap.(Rs cr) 3
Buy Price 5.13
Buy Qty 101.00
Sell Price 5.13
Sell Qty 197.00

Sterling Guaranty & Finance Ltd. (STERLINGGUARAN) - Company History

Sterling Guaranty & Finance Ltd was incorporated in the year November 21 1983. The Company is in the process of revival of NBFC business. The Company accepted unsecured interest free borrowing from the promoter companies Sterling Investments (India) Ltd. of Rs. 66.40 Lacs as on date and from Indistock Financial Services Pvt. Ltd. Rs. 2.75 lacs. During the year 2014 NBFI Business was not carried out since Net Owned Funds (NOF) of the Company has fallen below the minimum prescribed limit. Fortunes of the Company will improve if it is merged with Sterling Investments (India) Ltd.The Company is a defunct company. During the year 2016 Company had no business activity. It suffered Net Loss of Rs 6.45 lacs due to nil operating income and minimum statutory & compliance expenses. One of its promoters Company advanced during the year interest - free funds of Rs. 6.40 lacs to meet the statutory liabilities from Sterling Investments (India) Ltd.The Reserve Bank of India by its letter dated 17 June 2016 advised the company to come up with a concrete time bound action plan to increase NOF to Rs. 200 lacs or to surrender the COR. The company has not done any NBFI business as per the direction issued by the RBI because of lack of NOF.